Shipping Corporation shares rise 5% in trade; here's what's boosting rally

Shipping Corporation share price jumped 5 per cent in trade, logging an intraday high at ₹231.45 per share; here's why

Shipping Corporation of India (SCI) shares climbed 4.5 per cent in trade, logging an intraday high at ₹231.45 per share. At 9:45 AM, Shipping Corporation shares were trading 4.29 per cent higher at ₹230.85 per share on the BSE. In comparison, the BSE Sensex was flat at 83,435.09.

 

The company's market capitalisation stood at ₹10,752.97 crore. Its 52-week high was at ₹384.8 per share and 52-week low was at ₹138.25 per share. 

 

Why were SCI shares buzzing in trade?

The northward movement in the stock came after the company executed a Memorandum of Agreement (MoA) for the acquisition of two second-hand Very Large Gas Carriers (VLGCs). SCI informed investors about the development after market hours on Friday. 

 

 

"SCI has executed a Memorandum of Agreement (MoA) on July 4, 2025, for the acquisition of two second-hand Very Large Gas Carriers (VLGCs) having a cargo carrying capacity of approximately 82,000 CBM," the filing read.

 

These two VLGCs are expected to be inducted into the SCI’s fleet during the current quarter of FY 2025–26, exchange filing added.   Track Stock Market LIVE Updates

SCI Q4FY25 result details 

In the quarter ended March 31, 2025, the company reported consolidated net profit at ₹185.14 crore, as compared to ₹307.28 crore a year ago. Its revenue for the quarter under review stood at ₹1,325.2 crore, as compared to ₹1,412.5 crore a year ago. 

 

Total expenses for the quarter stood at ₹1,242 crore as against ₹1,286.5 crore a year ago. 

About Shipping Corporation of India 

The Shipping Corporation of India (SCI), a Navratna public sector undertaking under the Ministry of Ports, Shipping and Waterways, is an Indian shipping company with a presence across all major segments—tankers, bulk carriers, containers, offshore vessels, break-bulk operations, and coastal and passenger services.

 

SCI’s vision is to be India’s primary flag carrier for overseas and coastal trade and a leader in global maritime logistics, while its mission emphasises maintaining its “Numero Uno” position in Indian shipping.